Watch Lists, Long Setups, Short Setups, Bounce Plays, Pullbacks & Morning Commentary
Watching this market’s wheels come off in the midst of historic euphoria is the craziest thing since 1999.  But at least in 1999 we weren’t in the midst of a pandemic, historic GDP contraction and record unemployment numbers. Here we are though, at all-time highs for the Nasdaq and the [...]
Buy Low, Sell High - who even does that.  Who even buy's high? No, it is "buy higher" now. Yup, with 96% of S&P 500 stocks trading above their 50-day moving average (seriously, who are the 20 stocks that can't get their act together here?), and the highest reading this [...]
I could almost memorize my watch-list if I really wanted to. In the history of doing this website, I have never found so few short setups in my life, and to be honest, most of these are barely hanging on to this watch-list, as another day of rallying, and I’m [...]
A tiresome, far too predictable, and difficult to trade market Frustrated and annoyed by the stock market? You are not alone. The bears have no back bone, institutions are absent from the rally, and all you have left is a bunch of David Portnoy fan boys (FYI – I do [...]
A two-day pullback has become a generational buying opportunity for this market. You can’t get any more than that without a rip-your-face-off rally thereafter. The dip buyers, the algorithms, the Robinhood Bro’s – the only thing they know to do is to buy the dip. No volume, no problem, they [...]
If you still think this is a free market, I have a bridge to nowhere I'll sell you. Look, whether the market continues to go up or it eventually corrects itself, I'll align myself with its direction accordingly. But in doing so, doesn't mean I agree with what the market [...]
Conditions are looking bad beneath the surface. This market is rallying right now, mainly because of five stocks. Six if you want to throw Netflix (NFLX) in there too. These stocks have a huge sway on the overall market: Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), Apple (AAPL) and Microsoft (MSFT). [...]
Tech continues to be unstoppable – rising for a sixth straight day.  You’d probably expect that there’d be more tech stocks on the list, but I’ve had to take so much of them off the list because they have gone straight parabolic over the past week. Many of which have [...]
The breadth on this market is absolutely putrid. But that is the kind of lunacy we have seen in this market of late. Every index is trading higher, yet the bears still hold a 3:2 edge on declining issues over advancing ones. $VIX has tumbled off of its highs, because [...]
Bulls are using the force on this May the Fourth to push the markets into positive territory. However the breadth is absolutely putrid, and once again we are seeing a flight into technology, primarily in the big tech giants, as Apple (AAPL), Netflix (NFLX), Facebook (FB), Amazon (AMZN), and Microsoft [...]
A fly in the ointment. Watching today's price action, I could be wrong, but I think this market is on the verge of breaking. The Russell 2000 is sitting at some heavy weekly resistance, the FAANG stocks are taking on some heavy losses, today, and SPX tested the 61.8% retarcement [...]
Give me more stimulus! I truly hate what has unfolded in my homeland over the past month or so. I am really saddened by it all. No longer is there an expectation that companies can fail due to bad management or decisions. Instead we bail them out. That sickens me. [...]
